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    This document outlines the interest rates for various gold loan products offered by Union Bank based on the amount borrowed and type of customer. The rates range from 7.9% to 9.8% depending on the loan amount (up to Rs. 5 lakhs, between Rs. 5-25 lakhs, or above Rs. 25 lakhs) and type of customer (agriculture, MSME, retail). Loans on gold below 22 karat have 0.25% higher interest rates and all rates are subject to change over time.

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    This document outlines the interest rates for various gold loan products offered by Union Bank based on the amount borrowed and type of customer. The rates range from 7.9% to 9.8% depending on the loan amount (up to Rs. 5 lakhs, between Rs. 5-25 lakhs, or above Rs. 25 lakhs) and type of customer (agriculture, MSME, retail). Loans on gold below 22 karat have 0.25% higher interest rates and all rates are subject to change over time.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    9 views1 page

    Interest Rate

    Uploaded by

    Iob
    This document outlines the interest rates for various gold loan products offered by Union Bank based on the amount borrowed and type of customer. The rates range from 7.9% to 9.8% depending on the loan amount (up to Rs. 5 lakhs, between Rs. 5-25 lakhs, or above Rs. 25 lakhs) and type of customer (agriculture, MSME, retail). Loans on gold below 22 karat have 0.25% higher interest rates and all rates are subject to change over time.

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    Gold Loan Interest Rate Table

     Rate of Interest for 22 Karat

    S NO Product Up to Rs.5 lakhs >5 lakhs & Upto Rs.25 lakhs Above Rs.25 lakhs

    1 Union Krishi Kamdhenu gold loan Scheme 1 Year MCLR 7.90 NA NA


    2 Union Gold Loan-Agriculture 1 Year MCLR 7.90 1 Year MCLR 7.90 1 year MCLR + 0.10% 8.00
    3 Union Gold Loan-MSME EBLR - 0.80% 7.90 EBLR 8.70 EBLR + 0.10% 8.80
    4 Union Gold Loan-Retail EBLR - 0.80% 7.90 EBLR + 0.45 9.15 EBLR + 0.60% 9.30
    5 Union Swarna Shakti Loan Scheme-Retail EBLR - 0.80% 7.90 EBLR 8.70 NA
    6 Union MSME Gold Loan Plus EBLR - 0.80% 7.90 EBLR 8.70 EBLR + 0.10% 8.80
    Union Secured Overdraft Gold Loan
    Agriculture 1year MCLR + 0.25% 8.15 1year MCLR + 0.25% 8.15
    7
    MSME NA EBLR + 0.50% 9.20 EBLR + 0.60% 9.30
    Retail EBLR + 0.95% 9.65 EBLR + 1.10% 9.80

     Rate of Interest for below 22 Karat & upto18 Karat would be applicable 0.25% higher.
     Subject to revision from time to time.

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